Morning Market Wrap
21 Jan 2026
Wall Street endured its most punishing session since April's tariff-induced meltdown as President Donald Trump's escalating standoff with European leaders over Greenland sent shockwaves through global markets.
Minimum Investment Amount and Period
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.
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Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.
Period
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.
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*Note: These prices are based on futures and/or CFD pricing and may therefore differ slightly from spot pricing.
Commodities and currencies
Gold surged past $US4,700 an ounce to fresh record highs as investors sought safety amid the escalating transatlantic tensions. The precious metal gained 1.9 per cent to around $US4,758 an ounce, extending a remarkable rally that has lifted prices nearly 75 per cent over the past twelve months.
Oil prices firmed, with Brent crude rising 0.8 per cent to $US64.45 a barrel and West Texas Intermediate gaining 1.5 per cent to $US60.34. Iron ore slipped 0.4 per cent to $US104.20 a tonne.
Copper retreated as the risk-off mood and concerns about a broader trade war weighed on base metals. Prices on the London Metal Exchange fell back to around $US13,000 after topping $US13,300 last week.
The Australian dollar firmed 0.3 per cent to 67.33 US cents, benefiting from broad US dollar weakness. The greenback fell against most major currencies, with the euro climbing 0.6 per cent to $US1.1714.
Bitcoin tumbled below $US90,000 for the first time since early January, shedding 3.6 per cent to around $US89,550 as risk assets came under pressure across the board. Ether fared even worse, plunging 6.6 per cent.
Economic Calendar
US:
- MBA Mortgage Applications Jan 23:00
- Construction Spending MoM Oct 02:00
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